CuriosityStream Inc. (NASDAQ:CURI) to Issue $0.03 Quarterly Dividend

CuriosityStream Inc. (NASDAQ:CURI) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Investors of record on Saturday, October 12th will be paid a dividend of 0.025 per share on Thursday, October 31st. This represents a $0.10 annualized dividend and a yield of 8.25%. The ex-dividend date is Friday, October 11th.

CuriosityStream has a payout ratio of -100.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect CuriosityStream to earn ($0.06) per share next year, which means the company may not be able to cover its $0.10 annual dividend with an expected future payout ratio of -166.7%.

CuriosityStream Stock Up 1.9 %

CURI traded up $0.02 during trading hours on Thursday, hitting $1.21. 30,371 shares of the company’s stock were exchanged, compared to its average volume of 446,949. CuriosityStream has a 1-year low of $0.45 and a 1-year high of $1.55. The stock’s 50-day moving average is $1.13 and its two-hundred day moving average is $0.95. The stock has a market cap of $65.00 million, a price-to-earnings ratio of -1.37 and a beta of 1.15.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. CuriosityStream had a negative net margin of 81.73% and a negative return on equity of 34.10%. The firm had revenue of $12.40 million for the quarter, compared to analyst estimates of $12.30 million. During the same period in the prior year, the firm posted ($0.19) earnings per share. On average, equities research analysts anticipate that CuriosityStream will post -0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “buy” rating and issued a $1.35 price objective on shares of CuriosityStream in a research report on Wednesday.

Insider Buying and Selling

In other news, CEO Clinton Larry Stinchcomb acquired 40,000 shares of CuriosityStream stock in a transaction on Tuesday, May 28th. The shares were purchased at an average cost of $1.06 per share, for a total transaction of $42,400.00. Following the completion of the purchase, the chief executive officer now directly owns 286,564 shares of the company’s stock, valued at approximately $303,757.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Clinton Larry Stinchcomb acquired 40,000 shares of CuriosityStream stock in a transaction on Tuesday, May 28th. The shares were purchased at an average cost of $1.06 per share, for a total transaction of $42,400.00. Following the completion of the purchase, the chief executive officer now directly owns 286,564 shares of the company’s stock, valued at approximately $303,757.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Nikzad sold 53,268 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $1.06, for a total transaction of $56,464.08. Following the sale, the director now owns 462,187 shares in the company, valued at $489,918.22. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 91,600 shares of company stock valued at $97,252 and have sold 110,097 shares valued at $116,703. 49.60% of the stock is owned by insiders.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.